A TEAM has been created at the Guernsey Financial Services Commission to plan the implementation of recommendations in Ernst & Young’s Independent Evaluation Review (IER).

The team is assisted by Ernst & Young personnel with Neville Johnson, of the Commission, leading as Implementation Director.

An implementation plan to identify the actions necessary, the sequence in which they should be undertaken, the resources needed to achieve them and the delivery timeline is being prepared by the end of January.

The appointment of a Chief Operating Officer, as recommended in Ernst & Young’s report, will be advertised soon and it is expected to take some months before the recruitment process is concluded.

GFSC Director General Nik van Leuven said: “The Commissioners and I view the implementation of the IER recommendations as a priority.”